Trident Ltd: Board recommends Dividend

Trident Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2011, inter alia, transacted the following :

1. The Board approved the withdrawal of nomination by PSIDC of Mr. Anurag Agarwal as Director of the Company.

2. The Board of Directors have recommended, subject to the approval of shareholders, a dividend of Rs 1.20 per fully paid up equity share of Rs 10/- each.

3. The Compensation Committee of the Board approved allotment of 32,174 equity shares of face value of Rs 10 each fully paid up at a price of Rs 11.20 per share for cash to the Employees of the Company against vested options under Abhishek Employee Stock Options Plan, 2007. Consequent to this allotment, the paid up equity share capital of the Company has increased to Rs 2,22,33,36,850.